Egypt: Plaster Article Market 2024

Plaster Article Market Size in Egypt

In 2021, the Egyptian plaster article market decreased by -1.3% to $X for the first time since 2014, thus ending a six-year rising trend. In general, consumption saw a relatively flat trend pattern. Plaster article consumption peaked at $X in 2020, and then fell modestly in the following year.

Plaster Article Production in Egypt

In value terms, plaster article production reduced modestly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a mild decrease. The pace of growth was the most pronounced in 2017 with an increase of 21% against the previous year. Plaster article production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Plaster Article Exports

Exports from Egypt

In 2021, overseas shipments of articles of plaster or of compositions based on plaster were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports showed significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 2,052% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, plaster article exports skyrocketed to $X in 2021. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 1,633% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Libya (X tons) was the main destination for plaster article exports from Egypt, with a 40% share of total exports. Moreover, plaster article exports to Libya exceeded the volume sent to the second major destination, Nigeria (X tons), threefold. The third position in this ranking was held by Palestine (X tons), with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Libya stood at +97.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (+137.1% per year) and Palestine (+107.5% per year).

In value terms, Libya ($X) remains the key foreign market for plaster article exports from Egypt, comprising 39% of total exports. The second position in the ranking was held by Nigeria ($X), with a 12% share of total exports. It was followed by Palestine, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Libya stood at +92.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (+104.0% per year) and Palestine (+115.8% per year).

Export Prices by Country

In 2021, the average plaster article export price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the export price recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2020 an increase of 44% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Jordan ($X per ton), while the average price for exports to Lebanon ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Syrian Arab Republic (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.

Plaster Article Imports

Imports into Egypt

After four years of decline, supplies from abroad of articles of plaster or of compositions based on plaster increased by 14% to X tons in 2021. Over the period under review, imports, however, continue to indicate a slight decrease. The growth pace was the most rapid in 2016 with an increase of 36%. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, plaster article imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a noticeable setback. The pace of growth was the most pronounced in 2013 with an increase of 31%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Saudi Arabia (X tons) constituted the largest supplier of plaster article to Egypt, accounting for a 44% share of total imports. Moreover, plaster article imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, Turkey (X tons), twofold. China (X tons) ranked third in terms of total imports with an 8.8% share.

From 2012 to 2021, the average annual growth rate of volume from Saudi Arabia totaled +42.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-8.1% per year) and China (-7.6% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of plaster article to Egypt, comprising 40% of total imports. The second position in the ranking was taken by Turkey ($X), with a 15% share of total imports. It was followed by Germany, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Saudi Arabia stood at +35.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-9.7% per year) and Germany (+23.5% per year).

Import Prices by Country

In 2021, the average plaster article import price amounted to $X per ton, picking up by 2.5% against the previous year. Overall, the import price, however, showed a noticeable decrease. The most prominent rate of growth was recorded in 2015 when the average import price increased by 27% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Algeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+1.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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